so its better to start with Marketliva ?? btw earlier in the thread people were discussing 10$ or more investment . where ... marketliva ?
If you have just only USD$10, try Marketiva. But when you have more than USD$250, try open Mini account on other Forex Broker.
first thing .. where to learn ?? I am completely new to this Forex Thingy but I wont mind giving it a try ... where to learn / read more about it . Any preferred source . Thanks ..!!
Why don't you learn it at http://www.fxstreet.com/education/ It have a live videos and documentation for newbies to Forex.
http://www.fxcmtr.com like it says in the title, this will help you out more then any tut/book/article/ bestfriends grandma/goldfish. site gives you the option of opening a practice account with $50,000 in virtual money to play around with an understand how things work. The stats, trading, prices, currencies are all real time, just the money is fake. Really good for beginners to understand the ups and downs and all-arounds. Also the site gives you free graphs an such if need be. Along with everything else it has movie tuts an online lessions for free. Hope this helps, -Evil Penguin
DigitalPoint forum is about what digitally ideas and business comes from. I don't think the admin will stop this educational thread for communities.
Just want to add something here.. FOREX is for a committed player only. If you think you want to make profits by trading in foreign exchange then this platform is for you. If you want to maintained low risk and low return investment.. please trade in government bond or trust fund.
Well If I am not wrong Marketiva will give $5 free with new account. Can you explain some basic about Marketiva. You have some good experience there.
Ok... Marketiva will gives new user account USD$5 upon successfull registration. You will have 2 medium to trade there. 1. Virtual Trading (USD$10k starting money --- this is virtual money for you to try practice trading) 2. Live Trading (USD$5 starting money) You can top-up the the fund there by using 3 method 1. Wire transfer 2. E-Gold 3. E-Bullion There are some idea on trading 1. You can make monies by trading long (i.e you gain profit when the market is high) buy low and sell when high. 2. You can make monies by trading short (i.e you gain profit when the market is low) buy high and sell when low. This type of trading need to be practice first. Please read more about Forex to learn more ideas on trading. Forex trades based on pair (i.e EUR/USD, GBP/USD, GPB/JPY, EUR/JPY, USD/JPY, USD/CHF and others). Please learn it more at .... http://www.fxstreet.com/education/
Thanks for excellent information. I think this is great way to earning if you have good information. I will try this one.
If you have trouble trading, you can always get help here.. I think many DP'er are also trading in Forex. Do anyone do?
Hey guys, I know a bit about forex (while I am not trading). I was in the stock market years ago and I made some money. Lately, I became interested in forex, and I even have a forex site. The forex market is highly lucrative, you can make a lot of money there when you KNOWwhat you are doing. I have a friend who just lost more than $19,000 in only 1 day. I did give him advices, but he didn't follow them. Here is a good site with review (it's not mine): All the links are affiliate links on his site, but review are worth reading: http://www.forexbastards.com (don't buy, just read reviews about hings that interest you) This site is excellent if you want to have more knowledge about forex: http://www.BabyPips.com (it's the best site on the web) Also, you should be careful about forex brokers. There are many things to learn before choosing one since it can make a big difference.
I have read the advice here, but there is still one question that remains for me: Can I loose money that I don't have by trading on Forex? What I mean is: If I would use only the $5 provided by Marketiva, and I would loose and keep losing, would I ever loose more then $5? Thus, getting a debt with Marketiva?
Yes of course you can!!! - However, I cannot comment on Marketiva, they are just another non regulated, dime a dozen forex systems. I am a FOREX trader by trade, have been doing it for around 6 years and working in a hedge fund. FOREX trading is not something you can just read a couple books and become profitable. Sure, if you know nothing about FX and put in a couple bucks to a system in which you know nothing about, sure you might make something, but chances are you will loose it. The models I create with my team of mathematicians are very complex, and have taken years to perfect. So if you think you can compete with me and my team (Harvard grads) in trading FOREX for a living, go ahead. Keep in mind, FOREX is not regulated. Look up Refco. EDIT: You think you can do something with $250? Maybe with 1000:1 Lev. Try investing 100k into a forex account, that you trade....You will then understand that psychological factors play a large role.
Dear Sir, No offence to you whatsoever. Anyway, there are lot of better Forex Trader out there that not even goes to Harvard or Oxford. But if they trades by the rules and play safe, they can make monies while maintaining their looses. Yes, in Forex, you can loose and you can win. But the chances is small if you trade small. What i'm saying is not specifically on Marketiva... but all Forex brokerage services. For Marketiva trader, you can loose more than USD$5 that Marketive is giving you per registration. But the system there minimised your loosing because it will stop your trade if there are insufficient fund in you account. Let see.. You have USD$5 on you account. If you trader USD$2, if you loose more than USD$4, the system will stop the trade automatically. It will safe you your account. Dear Sir, eventhough I'm new to Forex trading (4 years altogether) compared to you, I still think everyone should try it first using any mini account or micro account. For everyone else, I will guide any newbies in Forex if they need my help FOC.